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New products
Through our co-development approach, the Customer
Innovation team has developed a variety of new
products around the world for all three sub-segments
within Special Nutrition. Examples include high-end
innovations within Infant Nutrition and a new ingredient
for Senior Nutrition, Akovita® ELIP, which is backed by
clinical data.
Future growth
AAK continues to grow in the wider nutrition area and
we will keep focusing on bringing new innovations to
the nutrition markets. We are currently expanding our
production facilities in China to support local production
of OPO (a fat ingredient that mimics the fatty acid profile
of human milk).
Foodservice
2019 was a very strong year for Foodservice with
double-digit year-over-year profit growth. UK-based BD
Foods was acquired in February and has had a very
effective and smooth integration.
Solutions
AAK Foodservice produces over 500 different frying
oils, speciality oils, condiments, sauces, dressings, and
ingredients for the commercial caterer.
Trends
The main trends are more customization (faster, quicker
and better), health and wellness, veganism, gluten-free,
new flavors, technology and delivery, and sustainable
solutions.
New products
We constantly develop new products in close cooperation
with our customers. As a result, a wealth of new and
on-trend products has been co-developed and taken
to market in 2019. We have, for example, launched a
series of plant-based products across all regions as well
as a new range of sauces (World Flavours) under our
Lion brand.
Future growth
The market is in steady growth as consumer behavior
is changing and as their propensity to eat out is on the
rise. We see a high interest in the above-mentioned
trends, especially veganism, where we will continue to
provide customized solutions for customer needs.